The US Supreme Court slashed to $500m the $2.5bn punitive damages the Exxon Mobil Corporation had been ordered to pay for the 1989 Exxon Valdez disaster in Alaska – the worst oil spill in the nation’s history
Exxon Valdez fine cut by US Supreme Court
By Sheila McNulty in Houston
Published: June 25 2008 19:56 | Last updated: June 26 2008 01:08
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